Regency Centers Co. (NASDAQ:REG) Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,849 shares of the company’s stock after selling 10,961 shares during the period. Barclays PLC owned 0.19% of Regency Centers worth $25,413,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in shares of Regency Centers by 170.1% in the second quarter. Thrivent Financial for Lutherans now owns 80,107 shares of the company’s stock valued at $4,983,000 after purchasing an additional 50,444 shares in the last quarter. Raymond James & Associates grew its holdings in Regency Centers by 41.2% in the 2nd quarter. Raymond James & Associates now owns 151,913 shares of the company’s stock valued at $9,449,000 after buying an additional 44,290 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Regency Centers by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,618 shares of the company’s stock worth $2,091,000 after acquiring an additional 12,682 shares during the last quarter. Trustmark National Bank Trust Department purchased a new position in shares of Regency Centers during the 3rd quarter worth $719,000. Finally, Royal London Asset Management Ltd. boosted its position in shares of Regency Centers by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 105,433 shares of the company’s stock valued at $7,615,000 after acquiring an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Regency Centers Stock Performance

NASDAQ REG opened at $75.37 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $13.68 billion, a P/E ratio of 35.38, a P/E/G ratio of 4.09 and a beta of 1.22. The stock has a 50-day moving average of $73.17 and a two-hundred day moving average of $69.27. Regency Centers Co. has a 1-year low of $56.51 and a 1-year high of $76.53.

Regency Centers (NASDAQ:REG) last announced its earnings results on Monday, October 28th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.50). Regency Centers had a return on equity of 5.85% and a net margin of 27.78%. The business had revenue of $360.27 million for the quarter, compared to analysts’ expectations of $355.17 million. During the same period in the previous year, the company earned $1.02 earnings per share. As a group, analysts anticipate that Regency Centers Co. will post 4.28 EPS for the current year.

Regency Centers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 16th will be issued a $0.705 dividend. The ex-dividend date is Monday, December 16th. This is a positive change from Regency Centers’s previous quarterly dividend of $0.67. This represents a $2.82 dividend on an annualized basis and a yield of 3.74%. Regency Centers’s dividend payout ratio (DPR) is 132.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Mizuho raised their price objective on shares of Regency Centers from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Evercore ISI raised shares of Regency Centers from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on Regency Centers from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their target price on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Deutsche Bank Aktiengesellschaft cut Regency Centers from a “buy” rating to a “hold” rating and increased their price target for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $77.08.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.